MANILA, Philippines — The Philippines is set to become a laggard in Southeast Asia with the deepest economic contraction as it struggles to control the COVID-19 outbreak, according to Maybank Kim Eng. Maybank is now looking at a deeper GDP contraction of 7.8 percent instead of 6.5 percent this year for the Philippines, bigger than […]
Read MoreThe Yangon-Bangkok highway project that will allow people to reach Bangkok Yangon by bus in nine hours has launched with financial assistance from Asia Development Bank, according to the Ministry of Construction. Currently, it takes 16 hours to travel 570 miles from Thialwa, Yangon to Bangkok by vehicles. One the new route, it will take […]
Read MoreBangkok ranked the seventh most affordable office market to fit out in Asia-Pacific at US$713 or 21,390 baht per square metre, 170% less expensive than Tokyo, the most expensive, according to property consultant JLL Thailand. Stephen Taylor, managing director of project and development services, said fit-out costs in Bangkok were relatively stable despite price competition […]
Read MorePETALING JAYA: Malaysia recorded a 78.6% fall in tourism arrivals from January to September contraction in the tourism industry due to the Covid-19 pandemic which has impacted the tourism sector globally. Bernama reported that the number of tourists fell to 4.29 million compared with over 20.10 million in the previous corresponding period with the movement […]
Read MoreThe Hanoitimes – Despite challenges, Vietnam’s banks are nearly approaching their full-year targets but the risk provision pressure remains great. Preliminary business results of commercial banks in the first nine months delivered a positive picture of the banking sector in 2020. Despite challenges banks have faced during the Covid-19 pandemic, banks are nearly approaching their full-year […]
Read MoreVIENTIANE, Dec. 8 (Xinhua) — Lao Prime Minister Thongloun Sisoulith will chair the Cambodia-Laos-Vietnam (CLV) and Cambodia-Laos-Myanmar-Vietnam (CLMV) Summits via video conference on Wednesday, according to a Lao Foreign Ministry statement. Lao Prime Minister Thongloun and his delegation will also join leaders at the Ninth Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit the same day. […]
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Thailand
